Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-022023-10-02true18false2022-10-03No description of principal activity38trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12202460 2022-10-03 2023-10-02 12202460 2021-10-01 2022-10-02 12202460 2023-10-02 12202460 2022-10-02 12202460 c:Director1 2022-10-03 2023-10-02 12202460 c:Director2 2022-10-03 2023-10-02 12202460 d:CurrentFinancialInstruments 2023-10-02 12202460 d:CurrentFinancialInstruments 2022-10-02 12202460 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-02 12202460 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-02 12202460 d:ShareCapital 2023-10-02 12202460 d:ShareCapital 2022-10-02 12202460 c:FRS102 2022-10-03 2023-10-02 12202460 c:AuditExempt-NoAccountantsReport 2022-10-03 2023-10-02 12202460 c:FullAccounts 2022-10-03 2023-10-02 12202460 c:PrivateLimitedCompanyLtd 2022-10-03 2023-10-02 12202460 2 2022-10-03 2023-10-02 iso4217:GBP xbrli:pure

Registered number: 12202460









MFL PRODUCTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 2 OCTOBER 2023

 
MFL PRODUCTIONS LIMITED
REGISTERED NUMBER: 12202460

BALANCE SHEET
AS AT 2 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
269,961
3,186,836

Cash at bank and in hand
 6 
38,957
1,800,552

  
308,918
4,987,388

Creditors: amounts falling due within one year
 7 
(308,818)
(4,987,288)

Net current assets
  
 
 
100
 
 
100

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 February 2024.




J Katzman
N Salmon
Director
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
MFL PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 2 OCTOBER 2023

1.


General information

MFL Productions Limited is a private company limited by shares and regsitered in England & Wales.  The address of its registered office is 39-41 Charing Cross Road, London, WC2H 0AR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirements from the the utilisation of recoupable but non-returnable theatrical production funding. As a result the directors consider it is appropriate to prepare the company's financial statements on the going concern basis. The financial  statements  do  not  include  adjustments  that would result from the withdrawal of this financial support.

 
2.3

Revenue

Revenue comprises the company's share, as producer, of admissions receipts after the theatres have deducted relevant commissions and banking charges plus non returnable production funding. Revenue is recognised in the period to which the attendance occurs.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
The Company is eligible to claim a tax credit on theatre production costs; the tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

 
2.6

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 2

 
MFL PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 2 OCTOBER 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short term creditors are measured at the transaction price, less any impairment.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.


3.


Employees

The average monthly number of employees, including directors, during the year was 38 (2022 - 18).


4.


Stocks




Page 3

 
MFL PRODUCTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 2 OCTOBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
1,191
604,306

Other debtors
268,770
1,752,674

Prepayments and accrued income
-
829,856

269,961
3,186,836



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
38,957
1,800,552

38,957
1,800,552



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,660
900,341

Amounts owed to group undertakings
33,771
418,729

Other taxation and social security
54
233,237

Other creditors
236,654
3,114,213

Accruals and deferred income
31,679
320,768

308,818
4,987,288





8.


Related party transactions

Cost of sales include fees, royalties and recharges totalling £70,286 (2022: £137,010) payable to companies of which the directors are also directors. Creditors include £31,440  (2022: £609,097) owed to  these companies.


9.


Controlling party

The company's immediate parent undertaking is Nederlander Producing Company (England) Limited and the ultimate controlling party is J L Nederlander.

Page 4

 
MFL PRODUCTIONS LIMITED
 
 
 Page 5